IMF Staff Country Reports

Republic of Congo: Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Requests for Waiver of Nonobservance of Performance Criteria, Rephasing, and Extension of Arrangement—Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director

July 18, 2006

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Republic of Congo: Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Requests for Waiver of Nonobservance of Performance Criteria, Rephasing, and Extension of Arrangement—Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director, (USA: International Monetary Fund, 2006) accessed November 21, 2024

Also available in: français

Summary

The completion of the Second Review Under the Poverty Reduction Growth Facility Arrangement was delayed to address important governance and transparency concerns. Macroeconomic performance was strong in the year 2005. Policy discussions focused on improving macroeconomic management against the background of continued high oil prices and efforts to further strengthen governance. The medium-term economic outlook is more favorable than expected, owing to higher oil price projections. The main objective of the fiscal policy is to strengthen the public sector balance sheet.

Subject: Commodities, Expenditure, Oil, Oil prices, Oil, gas and mining taxes, Poverty, Poverty reduction strategy, Prices, Taxes

Keywords: Authorities' intention, Congolese authorities, CR, Gas and mining taxes, Global, Government, Government website, ISCR, Oil, Oil prices, Poverty reduction strategy, PRGF arrangement, PRGF loan

Publication Details

  • Pages:

    95

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2006/262

  • Stock No:

    1COGEA2006002

  • ISBN:

    9781451808612

  • ISSN:

    1934-7685

Notes

Also available online in French

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